Motor Vehicle Expenses

Updated: 2024-06-05

Find out how to enter motor vehicle expenses in TaxCycle T1 for use on other income statements. You will learn how to:

• Share motor vehicle worksheets between spouses and/or statements
• Create Motor Vehicle worksheets
• Allocate kilometrage to income statements
• Enter fuel and maintenance expenses
• Trigger motor vehicle CCA
• Calculate applicable leasing costs
• Enter loan interest payment for a vehicle

Date of broadcast: September 19, 2020
Presented by: Elizabeth Kohl